Entrepreneurs' views on 2021 Government Work Report
Updated: March 10, 2021 09:38

The Government Work Report was delivered on March 5 at the opening of the annual session of the National People's Congress, China's top legislature, in Beijing. Entrepreneurs who are deputies to the National People's Congress or members of the Chinese People's Political Consultative Conference shared their views on this year's Government Work Report. Let's take a look.

Yang Yuanqing, chairman and CEO of Lenovo and a deputy to the 13th NPC

In this year's Government Work Report, China set a goal for GDP growth in 2021 at over 6 percent, demonstrating strong self-confidence in the country's economy. The report listed the development goals for the 14th Five-Year Plan period (2021-25) and also outlined long-term goals for 2035, providing a blueprint and a path to accomplish them.

The report has emphasized the development of the real economy, the transformation and upgrading of traditional industries and creating new advantages in the digital economy. The deep integration of the digital economy with the real economy and the industrial upgrading of Chinese manufacturing are inseparable from the support and empowerment from the new information and technology infrastructure.

Lei Jun, CEO and founder of Xiaomi Corp and a deputy to the 13th NPC

This year's Government Work Report has set the GDP growth target at over 6 percent, which shows China's strong confidence and steady pace in development.

Under a series of powerful guidance and incentives, China's science and technology industry will show stronger innovation vitality and make greater contributions to the high-quality, sustainable and healthy development that the Government Work Report emphasized.

Liu Yonghao, chairman of New Hope Group and a member of the 13th National Committee of the CPPCC

The report has proposed a series of company-related policies, including the optimization and implementation of tax reduction, further solving the financing problems of small and micro enterprises, reducing the production and operation costs of enterprises, and using market-based mechanisms to encourage innovation. These measures, which are specific and precise, boost enterprises' confidence in innovation and development.

For rural revitalization, the country has introduced many preferential policies. New Hope Group will work to be a leading company in striving for rural revitalization in the next five years.

Yao Jinbo, CEO of and a deputy to the 13th NPC

The Government Work Report has emphasized policies to support employment, and will work to boost jobs.

The company will continue promoting vocational skills training via its online skills training platform 58 Tongcheng University, and build a one-stop service platform from enrollment and training to employment to help achieve higher-quality employment.

Yao Jinbo also said he will be driven by the goals and tasks in the Government Work Report, and contribute to the higher quality development of the 14th Five-Year Plan and people's livelihoods and welfare.

Zhou Hongyi, chairman of 360 Security Technology and a member of the 13th National Committee of the CPPCC

During the 14th Five-Year Plan period, digital transformation faces important opportunities. Enterprises should give full play to their position as the mainstay of innovation and lead development.

Zhou Hongyi said he and the company will respond to the call of the country to safeguard the country's digital economy and develop more core cybersecurity technologies, improving the sense of gain, happiness and security of the people in the digitalization process.

Zhang Jindong, chairman of Suning Holdings Group and a deputy to the 13th NPC

As a deputy from the business community of the circulation field, Zhang Jindong said he can feel the country's courage and determination to firmly promote high-quality development.

The annual economic growth target and the specific arrangement around the annual economic development plan fully reflect the requirements from the central government to promote reform and innovation, as well as high-quality development.

This year's Government Work Report shows strong confidence in development. On the one hand, policies like the continued taxes and fees reduction, pressing ahead with reforms to streamline administration and delegate power, and improve regulation and upgrade services, provide a strong guarantee for the sustainable development of enterprises. On the other hand, strategies such as expanding domestic demand and comprehensively implementing rural revitalization, have injected strong impetus into the enterprises for innovation and development.

Ding Zuohong, chairman of Yuexing Group and a member of the 13th National Committee of the CPPCC

This year's Government Work Report has emphasized the need to increase support for market players, especially micro, small and medium-sized enterprises, which is particularly warm and comfortable to entrepreneurs of private enterprises.

High-quality development is even more needed this year, which means companies should be specialized, excellent and irreplaceable in the field they are good at. Private enterprises should firmly implement the new development philosophy, take on the responsibility for high-quality development, and better meet the people's growing needs for a better life.

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